The Arbitrum-based platform AFX Trade suffered a $24 million loss after an attacker gained control of enough hot-validator signatures to authorize a fraudulent withdrawal, according to security firms. The exploit allowed the attacker to approve a 24.15 million USDC withdrawal, exploiting weaknesses in the platform's
US authorities have moved to seize $26.4 million across five separate cryptocurrency scam cases, part of a broader Department of Justice effort that has recovered roughly $800 million in fraud-linked assets. Court filings reveal an asset-first approach, in which prosecutors prioritize locating and restraining digital funds early
After American commercial AI tools reportedly declined to assist with investigating a security breach, Hugging Face turned to a Chinese open-source model, GLM 5.2, running it locally to complete the work. The company's CEO highlighted the episode as evidence of the practical value of open-weight
The dispute stemmed from Coinbase's Freedom of Information Act request seeking communications from former SEC Chair Gary Gensler, a leading figure in the agency's aggressive enforcement stance toward crypto. The SEC ultimately acknowledged it had destroyed Gensler's text messages, prompting Coinbase to pursue legal
A recent model-driven security compromise involving OpenAI and Hugging Face has ignited debate over how to interpret AI-related incidents. The event is being framed at two extremes: some cast it as evidence of an approaching technological singularity, while others dismiss it as mere marketing hype. According to the
Following mounting losses, Satsuma's shareholders have approved a plan to wind down the company's bitcoin treasury strategy. The vote authorizes the firm to sell its bitcoin holdings, return the resulting cash to investors, and delist from the London Stock Exchange. The decision marks the end of
A security breach involving the Wanchain bridge briefly drove the Midnight token, NIGHT, to an all-time low before it recovered 19%. The incident has renewed scrutiny of cross-chain bridge infrastructure, which has historically been a frequent target for exploits in the crypto sector. Cardano founder Charles Hoskinson responded